Insight and inspiration in turbulent times.
-Barclays and Bank of America see looming oil crunch
– China’s CNPC in Iran gas deal
-Saudi Arabia fears a peak in oil demand – and it’s going green, sort of
– OPEC strategy reveals that they’re 100% short-term focused, and sure Of peak oil
The mood amongst oil company executives meeting in London this week for the Petroleum Week conference was largely bullish, with global oil demand expected to recover this year as the world economy crawls out of recession. But the production side of the equation is becoming increasingly difficult and expensive…
Here is a post offering hope to those who consider themselves ’spaced out,’ ADHD (attention deficit), scattered, air-headed, a Space Cowboy, forgetful, inconsistent, unreliable and the like. There IS hope for you, and you can prep.
What is likely the best current thinking on the peak oil situation concludes that world oil production will stop growing at the end of this year; will just balance annual global depletion of 4 million b/d for the next four years or so; and then enter into irreversible decline.
A midweek roundup of peak oil news, including:
-Prices and production
-Iran
Zone5 Podcast #3 with Dr. Colin Campbell on Peak Oil, the Financial Collapse, Adaptation and What the Future May Hold. Colin Campbell, founder of the Association for the Study of peak Oil and Gas, is officially retired from his career as oil geologist and Peak Oil pundit but kindly agreed to this interview for the zone5 podcast.
-UN alarmed at lack of global support for Haiti’s immediate agricultural needs
-Haiti Is Open For Business
-Haiti: A Creditor, Not A Debtor
-US Brags Haiti Response Is A ‘Model’ While More Than A Million Remain Homeless In Haiti
-China losing appetite for U.S. debt
-Metal prices rising strongly again
-Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says FRENCH banking chief
-Goldman Goes Rogue – Special European Audit To Follow
-The Making of a Euromess
-Did peak oil cause the present financial crisis?
If I were to ask 10 random people what they would expect would be a sign of the arrival of “peak oil”, I would expect that all 10 would say “high oil prices”. Let me tell you what I think the symptoms of the arrival of peak oil are
1. Higher default rates on loans
2. Recession
-How Wrong Is the IPCC?
-Bill Gates: the Most Important Climate Speech of the Year
-Team Finds Subtropical Waters Flushing Through Greenland Fjord
-Oil firms drop group lobbying for US climate bill
With any reasonably successful blog, you have a conversation going on, often between an author and commenters who have a long history and background, and people coming into the conversation for the first time…Balancing the degree to which you write for the regulars and to those new to you is always an interesting exercise.
An Olympian game of musical chairs in global finance heads for a climax in the days ahead as so many eyes are diverted to alternate festivities in British Columbia, where grown men compete for gold by riding things that look like cafeteria trays down icy mountainsides — is this the moment that comes every four years when you wonder why you didn’t get your kid a luge for Christmas?
